Which of the following statements explains the difference between NNP (NET National Product) and NMP (Net Material Product)?1. NNP includes services2. NNP exludes services3. NMP includes services4. NMP excludes servicesSelect the correct answer using the codes given below

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CUET-UG Economics / Business Economics Test: National Income Accounting — practice the complete quiz, review flashcards, or try a random question.

National income accounting is a government bookkeeping system that measures a country's economic activity - offering insight into how an economy is performing. Such a system will include total revenues by domestic corporations, wages paid, and sales and income tax data for companies.


Which of the following statements explains the difference between NNP (NET National Product) and NMP (Net Material Product)?<br><br>1. NNP includes services<br>2. NNP exludes services<br>3. NMP includes services<br>4. NMP excludes services<br>Select the correct answer using the codes given below